ai generated stock image
(Stock image generated with AI.)

Canada’s main stock index faced challenges on Friday as commodity prices declined and investors considered mixed signals from US-China trade discussions, despite Beijing showing potential flexibility. The utilities and tech sectors led the gains on the TSX.

Wall Street markets pushed their win streak to four days, despite President Donald Trump’s comments in Time magazine that would consider it a “total victory” if the US has high tariffs of 20 per cent to 50 per cent on foreign countries a year from now.

TSX24,710.51-17.02TSX
TSXV653.82+3.47TSXV
CSE120.11+0.36CSE
DJIA40,113.50+20.10DJIA
NASDAQ19,432.56+218.16NASDAQ
S&P 5005,525.45+40.68S&P 500

The Canadian dollar traded for 72.11 cents US compared to 72.17 cents US on Thursday.

US crude futures traded $0.19 higher at US$62.98 a barrel, and the Brent contract rose $0.24 to US$66.78 a barrel.

The price of gold was down US$43.63 to US$3,291.51.

In world markets, the Nikkei was up 666.59 points to ¥35,705.74, the Hang Seng was up 70.98 points to HK$21,980.74, the FTSE was up 7.81 points to ₤8,415.25, and the DAX was up 177.94 points to €22,242.45.


The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top image generated with AI.)


More From The Market Online

AtkinsRéalis secures major contract to refurbish historic Isle-Maligne hydropower plant

AtkinsRéalis Group (TSX:ATRL) was awarded a seven-year contract by Rio Tinto to refurbish the Isle-Maligne hydropower plant in Alma, Québec.

Market Open: Futures up as risk appetite rebounds | Fri. May 16

TSX futures managed a slight gain early Friday, driven by the first deals emerging from Trump’s tariff regime.
Investors working on computers.

@ the Bell: Mixed fortunes of trade optimism vs. Canadian market woes

Investors largely welcomed the 90-day reprieve in the US-China tariff dispute, which helped ease worries about a global recession.

REV Exploration jump-starts search for hydrogen in Alberta

Junior miner REV (TSXV:REVX) has its sights set on becoming a first-mover in Alberta hydrogen exploration.